Saifedean Ammous

Fiat Standard (eBook, ePUB)

The Debt Slavery Alternative to Human Civilization

• Format: ePub

Produktbeschreibung

In The Fiat Standard, world-renowned economist Saifedean Ammous applies his uniqueanalytical lens to the fiat monetary system, explaining it as a feat of engineeringand technology just as he did for bitcoin in his global bestseller The BitcoinStandard. This time, Ammous delves into the world''s earlier shift from the goldstandard to today''s system of government-backed fiat money-outlining the fiatstandard''s purposes and failures; deriving the wider economic, political, and socialimplications of its use; and examining how bitcoin will affect it over time. Withpenetrating insight, Ammous analyzes global political currencies by analogy tobitcoin: how they''re "mined" whenever government-guaranteed entities create loans,their lack of inherent restraints on inflation, and the rampant governmentintervention that has resulted in heavy, devastating, and persistent distortions toglobal markets for food, fuel, science, and education. Through these comparisons,Ammous demonstrates that bitcoin could be our next step forward-providing highsalability across space, just like the fiat system, but without the uncheckedfiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise ofbitcoin could look like a debt jubilee and an orderly upgrade to the world''smonetary operating system, revolutionizing global capital and energy markets.

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Produktdetails

• Verlag: BookBaby
• Erscheinungstermin: 16. November 2021
• Englisch
• ISBN-13: 9781544526461
• Artikelnr.: 70884329